Techmeme
May 27, 2021, 6:00 PM

Top News

Bloomberg:
Sources: Nintendo plans to announce an upgraded Switch ahead of the June E3 conference and release it in September or October, for more than the original's $299  —  - Announcement of new Switch could be made ahead of June's E3  — Suppliers say Nintendo likely to price new model above $299
Joseph Cox / VICE:
Sources detail Citizen's efforts to cash in on vigilantism, including flooding users with notifications to make them anxious enough to buy its premium service  —  Internal documents, messages, and roadmaps show how crime app Citizen is pushing the boundary of what a private, app-enabled vigilante force may be capable of.
Matthew Gault / VICE:
Amazon introduces coffin-sized AmaZen meditation booths in which warehouse employees can watch company videos about mindfulness to deal with stress  —  The AmaZen meditation booth is a small room where employees can watch company videos about mindfulness while a small fan moves the air around.
Sujeong Lim / Counterpoint Research:
Global smartwatch shipments rose 35% YoY in Q1 2021; market leader Apple grew 50% YoY to increase its market share by 3% points while Samsung grew 27% YoY  —  - Apple registers a healthy 50% annual growth, capturing a third of the smartwatch market in terms of volumes.
Casey Newton / Platformer:
Instagram's test to hide Like counts highlights a lesson that social networks are reluctant to learn: one-size-fits-all policies are making users miserable  —  PLUS: WhatsApp sues India  —  In April 2019, amid growing questions about the effects of social networks on mental health …
Adrian Kingsley-Hughes / ZDNet:
Acer unveils four new Chromebooks, incuding an industry-first 17.3-inch Chromebook, available in June, with prices starting at $380  —  There's also a big emphasis on enterprise Chromebooks., a whole raft of other new hardware, and a commitment to 100 percent renewable energy use.
Eric Newcomer / Newcomer:
Sources: a16z is targeting $2B for its third crypto fund; a16z raised $515M for its second crypto-focused fund in 2020  —  Andreessen Horowitz's third crypto fund is in talks to raise $2 billion.  —  Andreessen Horowitz is in the process of tripling down on crypto, raising its third crypto fund since 2018.
Mark Bergen / Bloomberg:
Google announces new tools and partnerships with Shopify, Square, GoDaddy, and WooCommerce to help merchants sell more easily in Search, Maps, and YouTube  —  - Sellers on Square, GoDaddy will get access to Google features  — Marriage of Google and Shopify centers on two executives
Karan Deep Singh / New York Times:
Twitter criticizes the Indian government's “intimidation tactics” and says it will push for changes to regulations that give it more authority over online media  —  The social media platform criticized what it called “intimidation tactics,” saying it would push back on new rules …
Ari Levy / CNBC:
Snowflake says it no longer has an HQ, and designates Bozeman, Montana, where its CEO and CFO live, as its executive office, because it's required by the SEC  —  - Snowflake said in its earnings release on Wednesday that it no longer has a corporate headquarters, as its workforce is “globally distributed.”
Eric Newcomer / Newcomer:
Sources: TTYL, the company that created Poparazzi, raises $20M Series A led by Benchmark; Andreesen Horowitz also competed to lead the round  —  Benchmark tops Andreessen Horowitz in pursuit of buzzy photo sharing app.  —  Sources tell me that Benchmark has secretly scored a major consumer investing win.
Stephanie Condon / ZDNet:
VMware Q1: $2.99B revenue, up 9% YoY, Services revenue of $1.6B, Subscription and SaaS revenue of $741M, up 29% YoY; expects FY2022 revenue of $12.8B  —  Top and bottom line results were slightly ahead of market estimates, with subscription and SaaS revenue up 29 percent.
Jay Peters / The Verge:
Twitter says users can now join Spaces via desktop and mobile web browsers, but can't host rooms on the web just yet  —  You can't host rooms yourself on the web just yet, though  —  You'll be able to join Twitter's Clubhouse-like Spaces from desktop and mobile web browsers starting Wednesday …
Aimee Chanthadavong / ZDNet:
Lenovo reports revenue of $60B for FY20, up 20% YoY, net income of $665M, up 77% YoY, and says Q4 was its “fastest growing quarter in almost a decade”  —  Lenovo has celebrated what it has dubbed as achieving ‘historic highs’ for FY21.  —  Lenovo Group has seen revenue surge past …
Catalin Cimpanu / The Record:
FBI says a foreign nation-state hacking group breached a US municipal government via an unpatched Fortinet VPN appliance  —  The Federal Bureau of Investigation said today that foreign hackers had breached the network of a local US municipal government after exploiting vulnerabilities in an unpatched Fortinet networking appliance.
Jon Swartz / MarketWatch:
HP beats with Q2 revenue of $15.9B, up 27.3% YoY, Personal Systems net revenue of $10.6B, up 27% YoY, Printing net revenue of $5.3B, up 28% YoY  —  HP Inc. shares initially sank 5% in extended-trading Thursday after the PC giant announced what has become a familiar pattern: notebook sales continue to thrive in the age of COVID.
Cristiano Lima / Politico:
Facebook says it will no longer take down posts that claim COVID-19 was man-made, following renewed debate about the origins of the virus  —  Facebook will no longer take down posts claiming that Covid-19 was man-made or manufactured, a company spokesperson told POLITICO on Wednesday …
Jordan Novet / CNBC:
Salesforce Q1: revenue of $5.96B, up 23% YoY, vs est. of $5.89B, Platform and Other revenue of $1.75B, up 28%; full year guidance has $500M revenue from Slack  —  - Salesforce results exceeded estimates with quarterly results and higher full-year guidance.  — The company's revenue growth …
More: ZDNet
Dan Goodin / Ars Technica:
Researcher details a WebKit flaw, which can lead to a RCE exploit, that remains unpatched by Apple despite the availability of an open source fix for 3 weeks  —  WebKit bug that was fixed upstream has yet to find its way into Apple products.  —  Apple has yet to patch a security bug found …

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